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Historically, economic crises have had heterogeneous effects, but on this occasion, the consequences have been particularly devastating for women. This is partly explained by structural characteristics and those caused by the pandemic, issues that need to be addressed in order to build a sustainable recovery.
In February, employment was boosted by the easing of mobility restrictions. By that month, 79% of the employment lost when it had deteriorated the most had been recovered. Its recovery is expected to continue and its pace will depend on economic growth, the progress of the pandemic and the measures to contain it.
In Colombia, the gender gap in the labor market already existed before the pandemic; however, the suspension of in-person education mainly affected the employment of women who were not heads of households and households with children, widening the gap in the labor participation rate and possibly the wage gap.
April 2, 2021
U.S. | Strong job creation backed by vaccination, reopenings and massive fiscal support
March saw an addition of 916,000 jobs to nonfarm payroll and a drop in the unemployment rate by 0.2pp to 6.0%. This high uptick in the employment situation was brought about by a successful vaccination campaign, the ongoing reopening of the economy and massive fiscal support.
Despite the progress made to close the different gender gaps that exist in the world, there is still evidence of the disadvantages that women face in terms of participation and integration in different fields. Continuing to work towards greater equity adds up to economic benefits, spending capacity and social welfare.
In February, the economy added 379,000 nonfarm payroll jobs while the unemployment rate edged down to 6.2%. To secure a faster recovery, policymakers should continue provisioning ample fiscal and monetary support. Premature removal of either could threaten the prospects of the recovery.
In January, mobility restrictions temporarily interrupted the employment recovery. As of January, 73% of the jobs lost at the time of the worst deterioration of the labor market had been recovered. Given the easing of restrictive mobility measures, the labor market is expected to return to dynamism from February of 2021.
March 4, 2021
Mexico | There are 51 million Mexicans with an income below the value of the food basket
Coneval estimates that there are more than 51 million Mexicans living in working poverty in the 4Q20, 40.7% of the total population. Due to the pandemic, there was a contraction of 10.3 million jobs during the 2Q20, which is equivalent to almost 19% of total jobs nationally: 6.2 million men and 4.1 million women.